While BP has put forth great effort in securing tax benefits acquired from leasing rigs like the sunken Deepwater Horizon, it has also saved money by choosing not to pursue better cleanup methods and technologies. We live in a corporate world where profit is god. Profit rules. Showing a profit on the next quarterly earnings statement is everything. This is how a multi-billion dollar oil giant like BP (yes, we can include the others as well - Exxon/Mobile, ConocoPhillips, Royal Dutch Shell, Chevron, Total S.A.) spends vast troughs of money on developing the latest oil exploration and drilling technologies. But when it comes to cleaning up their toxic mess when disaster strikes, every expense is spared...Read more: Saturday, 10 July 2010
BP's Deepwater Horizon Disaster; Mitigating Annihilation
While BP has put forth great effort in securing tax benefits acquired from leasing rigs like the sunken Deepwater Horizon, it has also saved money by choosing not to pursue better cleanup methods and technologies. We live in a corporate world where profit is god. Profit rules. Showing a profit on the next quarterly earnings statement is everything. This is how a multi-billion dollar oil giant like BP (yes, we can include the others as well - Exxon/Mobile, ConocoPhillips, Royal Dutch Shell, Chevron, Total S.A.) spends vast troughs of money on developing the latest oil exploration and drilling technologies. But when it comes to cleaning up their toxic mess when disaster strikes, every expense is spared...Read more: 